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Ecopetrol S.A. (NYSE:EC) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Thursday, AnalystRatings.Net reports.

The analysts wrote, “Ecopetrol S.A (EC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.”

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Ecopetrol S.A. from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Raymond James initiated coverage on shares of Ecopetrol S.A. in a research note to investors on Tuesday, January 14th. They set an “outperform” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.83.

Shares of Ecopetrol S.A. (NYSE:EC) traded down 0.57% on Thursday, hitting $34.70. 911,193 shares of the company’s stock traded hands. Ecopetrol S.A. has a one year low of $34.27 and a one year high of $64.06. The stock’s 50-day moving average is $38.28 and its 200-day moving average is $43.67. The company has a market cap of $71.337 billion and a P/E ratio of 8.73.

Ecopetrol SA (NYSE:EC) is a vertically integrated oil company operating in Colombia and overseas.

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